Member Info for InJamesweTrust

Meren coverage shows how clear they are about seeking to drill Nayla (800m barrels) as soon as possible.

Not many fields are that size and majors if they have a decent probability will be keen as mustard to get this done.

Guyana - there are many possibilities but need government on board to get the investors there too.

Pareto

Not sure what it says about you (or anyone) that you would take pleasure in other people making losses.

Wallact

Noticed thia earlier in the week, looking at where Block S4 is - it looks contguous between Orinduik and Stabroek and thus if S4 is of interest I think it is fairly solid to think Orinduik with actual discovery will be also.

Time of course will tell.

While I'm not Gonna no dae that - I'm sure you're pleased to see me posting less.

Wish nobody ill will or to see losses just don't think PG is the right person and has wasted time and money.

We will see what he delivers in the 6 months or what story he concoction if nothing tangible when time is up.

if you mean f&m you are incapable of identifying the aroma of ****e in people's utterances, it explains alot about your servile posting of whatever someone says on twitter with little filter.

as for your stat, love to see the calculation. of course it is just more *******s tossed out thete with nary a thought for fact.

how is that 1% figure derived - do tell.

smells like ****e (see chewin the fat)

I can think of few people more ill advised to seeking price discussions with potential intereated parties than PG.

He is an irascible fool and given to outbursts of extreme petulance. Also not convinced potential parties of sufficient quality are best announced via Twitter! Still time will tell.

Sad news, cant have been very old.

Decent chap and generous with time and knowledge. RIP.

Many things have happened in the intervening period.

Venezuelan production has fallen off a cliff, Russian Urals production is sanctioned so there id a big reduction in heavy oil available. Thus discount to Crude has I'd imagine narrowed and as necessity is mother of invention new ways of extracting and processing are devised.

Think 5 years ago break even was thought to be $45 its now $30-35 for HH from memory.

This makes Jethro much more compelling. Opens up refining capacity also.

Pretty sure the basis for an appeal, cant just be we don't like the legislation. If it has been through parliament, it isnt the judiciary role to make/change legislation it is to ensure it is applied/complied with. If the EIA submitted does that then grounds for appeal should be limited.

Gruv

Total submitted a 732 page report which I think will cover a great deal of the questions raised below, if not all.

My understanding of where the 3B/4B process sits, is when it passes the current stage there is 6 months for an appeal to be filed. In order to file an appeal, it needs to relate to something inherently absent from what has already been considered. I think the report submitted is pretty exhaustive.

Hence, if we can get to this stage we are in decent shape.

The SA govt.will I feel be keen to get the ball rolling and see the revenue.possibilities Im sure.

Isn't it amazing that so many people know billions are just around the corner and are seemingly a given yet the stock can hardly break the 3p barrier.

Riddle me that

F&M

Re your post of Thursday night - presumably you think this is MNPI and therefore highly questionable to share.

What's funnier is how little it mived the dial because until something is in an RNS and contracts are signed nobody will believe the company has achieved its stated objectives has PG has failed so miserably so often.

Despite all his hard work of course.

Maverick7

Depends on the co-operation of the Stabroek partners in discussing unitisation. Eco believe they have a good relationship with Exxon (who it seems lead much of the negs and ops locally).

You don't want to get in to litigation with them so perhaps as well to tread lightly and cooperate healthily. Means you cant come out and make unilateral unitisation pronouncements.

Thanks Wallact - work in London but live elsewhere.

One could add we have our own field depending on licence outcomes of a similar or larger size where we have 100% currently as well as 3B/4B to be drilled and Block 1 plus Namibia.

Wallact

Are you based in or near Guyana or just keep an eye on the news online?

Brightspot

Yes, that is clearly what most of us are here for - positive news that rerates the SP.

Think there are very strong probabilities of returns from an SP at multiples of the current level.

Looking again at Hammerhead - the gross cashflows to Eco for 10% @ $32.50 a barrel over 15 years from 2029 are in excess of $2.5bn. FID has been taken so it should be only a matter of time.

Eco believe they have a strong and positive relationship with Exxon/Stabroek partners. Equally, im sure Eco has had lawyers review their rights in terms of unitisation and of course to have Jethro declared a discovery.

Less clear how far discussions are progressed with a possible Jethro partner. These have been ongoing for a few months and Eco seem to think Hammerhead FID is a welcome gift.

I'd say also, in terms of Exxon relationship in advance of FID, Eco will have been working extensively with Exxon to assess HH field and options. If you think of subsurface work and other requirements there is much involved. This, Eco will have a good idea of the extent of the field.

So the main protagonists/rampers on here didnt answer questions about how they had traded and might now be free carrried.

Another question, PG stated a 6 month sale process. If there is nothing tangible in say 9 months, would you continue to give tje hardest working man in O&G, nay the UK the benefit of the doubt or finally say enough is enough?

Despite the fully funded for all commitments claptrap, what chance a raise within 6 months. Probably for Long Lead Items (with salaries, bonus and consulting contracts conapicuosly unmentioned).

I think 4p is a bit pessimistic given the outcome of the Shell appeal is also due prior to this.

Should Eco retain a 30% interest in a billipn/2billion barrel development with a credible sponsor then it would be a very different share price.

In the first instance I'd happily settle for positive news on 3B/4B or extension and drilling in Guyana.